A Company Incurred More Manufacturing Overhead Than the Amount It

Multiple Choice

A company incurred more manufacturing overhead than the amount it applied to its jobs during the year.What entry must be made at the end of the year to allocate the remaining overhead if NOT material in amount?

A) debit Cost of Goods Sold and credit Manufacturing Overhead
B) credit Work in Process Inventory and debit Cost of Goods Sold
C) debit Manufacturing Overhead and credit Work in Process Inventory
D) debit Work in Process Inventory and credit Manufacturing Overhead